Binance Blocks Transactions with 11 Crypto Platforms Amid EU Sanctions

Binance has announced that it will block all transactions involving HTX and 10 other cryptocurrency platforms due to European Union sanctions. The move follows earlier restrictions on five other sanctioned platforms.

The sanctions are aimed at entities allegedly evading EU sanctions, particularly those related to Russia. Binance will conduct compliance checks on flagged transactions, potentially restricting wallet access during reviews.

This is part of a phased response to the sanctions, with some providers already affected. The restrictions will be in place starting August 23, and users are advised to avoid any direct or indirect fund transfers with these platforms.